Dynacons Systems & Solutions Limited secured Contract worth INR 2,330 Million for Core Banking Solution Upgradation & Migration on ASP model from NABARD, which is issued by the Company on April 16, 2024. significant terms and _ conditions of order(s)/contract(s) awarded in brief; Project involves The upgradation and migration of Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider(ASP) model. Deploy comprehensive suite of services, encompassing consultancy, implementation, customization, and ongoing support.

Core Banking Solution upgrade, migration, and maintenance, alongside infrastructure and network enhancements from leading technology vendors such as HPE, Oracle, Fortinet, Array, and Versa. The Scope of work includes: Serving 1391 branches of 38 State Coop Banks across 8 states. Contract is structured on an Operating Expense (OPEX) basis, ensuring recurring revenue streams throughout the duration of the agreement.

Whether domestic or international; Domestic, time period by which the order(s)/contract(s) is to be executed; 5 years. Broad consideration or size of the order(s)/contract(s); INR 2,330 Million (Rupees Two Hundred Thirty-Three Crores) (Including GST).